Internet search company Inktomi has reported a smaller than expected loss in its first quarter of fiscal 1999.
The company said the net loss for the quarter ending 31 December, 1998, was $6.4 million, or 24 cents per share, compared to a net loss of $4.3 million, 25 cents a share for the year earlier period. Analysts predicted a loss of 30 cents per share.
Revenue for the quarter soared 343 per cent from $2.4 million for last year?s comparable quarter, to $10.7 million this time.
The Inktomi search engine, used by MSN, Yahoo, Hotbot, AOL?s ICQ, among others, processed approximately 1.8 billion search queries during the quarter, up by 33 per cent on the prior quarter.
The company also announced it will use Centraal?s Realnames keyword searching technology.
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